Legacy Financial Advisors Inc. Makes New $511,000 Investment in Mitsubishi UFJ Financial Group, Inc. $MUFG

Legacy Financial Advisors Inc. purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,083 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also made changes to their positions in MUFG. Westside Investment Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after acquiring an additional 923 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $35,000. True Wealth Design LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $49,000. NewSquare Capital LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 162.6% in the second quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock worth $51,000 after purchasing an additional 2,305 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 188.9% during the third quarter. CWM LLC now owns 3,504 shares of the company’s stock worth $56,000 after purchasing an additional 2,291 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on MUFG. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $19.00 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.89. The company has a 50 day moving average price of $17.65 and a 200-day moving average price of $16.22. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.46 and a 1-year high of $20.15. The firm has a market cap of $225.43 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.46 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.